Following a decision by the Ukraine’s National Power Engineering Regulating Commission to raise power tariffs, Russia’s UES has suspended a power purchase agreement with the country’s Energoatom.
The tariff hike to ¢2.4/kWh sees a domestic market increase of some 80% and has brought about the suspension of a monthly contract volume of around 500GWh that began in December 2004. Russia plans to increase its domestic output to cover the contract while the Ukraine is expected to have to leave one reactor all but idle.
Meanwhile, Energoatom has become an associated member in the EUR group which incorporates nuclear operators from Belgium, Finland, France, Germany, Italy, Sweden, the Netherlands and the UK.
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